is it risky to turn all my money to bitcoins?

[ayeba]

Turning my money into bitcoin is highpy risky. BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, value not always stable.

[1715018749]

1715018749

[1715018749]

1715018749

[sadwage]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

yes it is risky to exchange your all money into a bitcion but its up to you to how you keep your money or invest it to bitcoin. for now currency is the best way to invest money..

[Dilhara642]

yeah i think its risky.my succession is dont put all your money.just try to invest some form your capital.because bitcoin  is a digital currency.and it may rise up  or rise down.so it can be risky any time.

[benteng]

Investment decision involves business risk. To contrgoll and minimize business risk, it is suggested to divesify  our business.A wise statement must be remembered is : do not put all your money in one basket of business activity.It is very risky including in bitcoin.Please invest certain amount of your idle money in bitcoin and the rest for another business.

[Skuylaruy]

  I will not do that! Turn all your money to bitcoin is very risky.this is what they always said, 
   invest only what you can afford to lose..

[GDragon]

It is very risky to turn all your money into a bitcoin because it is very volatile. There's no assurance if you will gain profit and maybe your money will go to nothing. I suggest, invest your money that you can afford to lose and take some research before  you do it.

[RNC]

Yeah 

 "is it risky to turn all my money to bitcoins"

Sell the car too and soon that extra money from you're investment will earn you
enough money to buy a bran new sports car in red if you like.

How old is this thread now ?



 

[haster100]

Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.

[ogtejiri]

yes it is very risky to turn all your money to bitcoins. no one can really predict the future of bitcoin, we all just hope the prize rises so we make profit but no one can really tell what the future holds for bitcoin.so dont turn all your money to bitcoin  its too risky

[aysg76]

yes it is very risky to turn all your money to bitcoins. no one can really predict the future of bitcoin, we all just hope the prize rises so we make profit but no one can really tell what the future holds for bitcoin.so dont turn all your money to bitcoin  its too risky

Yeah, there's a too much of risk in converting all your money into bitcoins as the currency is too much volatile and recently it had experienced a drastic downfall. Although it is believed that dealing with it had always turned out to be quite a profitable one but converting all your money into it can also let you bear a heavy loss. So invest your money wisely after seeking the market conditions...

[DoublerHunter]

Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.

Before investing into any type of investment, i suggest to just learn how to analyze the investment that you are going into because in that way you can easily find the best entry for the investment and you will have lesser amount of things to think if you know how to play with the market or to the investment of yours, so better study first before thinking about putting any of your money whether it is all in or not.

[Rusty62]

I think its not a good move to turn all your money into Bitcoin.

[cunese]

Of course there are risks. Wouldn't it be much less if bitcoin fell to the beginning of 2017? In any case, don't invest all your assets in a project, and have a safe haven strategy.

[Tashi]

Yes it is risky, and obviously, isn't wise either. As we all know, Bitcoin is volatile and also facing a major dump of value. Turning all your money would be like betting, since you'll never know whether if it'll lead to good or bad results. So never risk all of it, try just turning a certain amount. Educate yourself more so you'll avoid doing risky actions that could lead to your dismay and loss of profit.

[Michellekking]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Investing in bitcoins is risky. I don't mind if you invest all your money in bitcoins.
The price of bitcoin is now volatile. In the past month, the price of bitcoin has dropped from $20,000 to $8,000.
If you fail to invest, you will lose a lot of money. You can invest some of your money in bitcoins.

[Figuran-]

If you are putting all of your life on something which is not really solid yet. Bitcoin is indeed a worthy investment,  but to put all your money in it then you must really be crazy. Dealing with bitcoin needs a lot of research and learning,  it is not just lile you will invest something then will reap the gains the next day. It is still very volatile and a very risky investment.

[21millionsbtc]

yes it is 100 percent risk to convert change all money to bitcoin invest only amount what u can afford to lose

[jimcroce]

I think the answer to the original post is pretty obvious: definitely risky!

There are tons of stories about people who did this before Bitcoin went more "mainstream" in the Fall, but at this point, my personal opinion is that it's just too volatile right now, and too much attention is being paid to altcoins. Well, not TOO MUCH, but enough that it's taking away from the growth of Bitcoin.

Again, just my opinion...

[Xester]

yes it is 100 percent risk to convert change all money to bitcoin invest only amount what u can afford to lose

I agree with you.  Because we are talking here about your all whole money.  But I remember having read an article wherein he sold all his possession and buy bitcoin.  Now he is super rich.  But that was before when bitcoin price is not that expensive.  Every investment is risky, so might to plan it very well.

[TheUnknownMan]

I think it is very risk now.Bitcoin has increased to 8400 dollars and it is a good thing of course.But it started to come to a deadlock and we don't know that whether Bitcoin will continue to rise or not when this period is finished.